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Traders greatest Achilles Heel

  • #21
  • Aug 18, 2009 6:02am Aug 18, 2009 6:02am
Quoting Hercs
Limstylz,

I did not judge! It is the man himself who openend this Thread who reserved himself the right to judge!

I was also interested to hear what he has to say, but he says nothing and makes unsubstantiated calls.

What are you personally hoping to get out of him?

Sincerely?
Nothing, other than perhaps a better understanding of accumulation and distribution. From what I have read so far, there have been no calls perse, unsubstantiated or otherwise.

Are you attempting to draw me into an argument by asking me what my intentions are? One could ask you the same and undoubtedly, you would have given the same answer that I have just given, if you hadn't taken offence so quickly and decided not to participate constructively.

I don't intend any malice in anything I've just written. Lets not sink to some other unnamed posters depths of starting a flame war here. From one student to another, I respectfully ask that you do not further address any posts to me unless specific to the subject in hand.
  • #22
  • Aug 18, 2009 7:56am Aug 18, 2009 7:56am
I am disappointed by by the turn this thread has taken, but for what it is worth I must say few words that reflect my opinion.

HERCS,
even though your post was the reason for the ending of this thread, I find nothing wrong with what you said nor how you said it. Pity, because your exchanges could have provided substantial learning awa good reading.

99VT66,
the quickness you took your drastic action is very disappointing, it smells of childishness, quite frankly.
I don't know the level of your competence with forex, but I can assure you that had you been able to continue the conversation with an open and positive fashion with Hercs, you, and him, would have learned even more than the rest of us. It is my take that in any classroom the one who learns the most from the day's lesson is the teacher.
In my other post I was going to warn you about not to expect gratitude from your efforts because you would have ended up being hurt.

Frankly, your approach to what I'm sure were very good intentions from your part, was doomed from the start. Make this a lesson for you. You need more than good intentions to be successful.

Like it or not, YOU FAILED THIS PROJECT!!!

Wish you the best of luck.

franguast
  • #23
  • Aug 18, 2009 10:37am Aug 18, 2009 10:37am
Whether or not the thread starter continues, his/her idea will be here forever.

Here's what I got (demo) using the idea, which to me subdivide support/resistance levels into more-usable types:

Attached Image (click to enlarge)
Click to Enlarge Name: 1544533.jpg Size: 165 KB


I can now understand why the thread starter doesn't want to post his/her own charts; the description of different s/r levels, plus the discussion the thread starter used before the last call, is enough to get the idea. I don't think that disallows others to post their chart; I refrained from adding anything to the thread starter's idea.

The reason I used the thread starter's idea was that I figured the price-time line would return to the thread starter's 1.4130 range several times; thus, the posted trade.
  • #24
  • Aug 19, 2009 3:34am Aug 19, 2009 3:34am
The 1.4130 level held overnight. Here's the picture. To anyone: How am I supposed to interpret this picture with the thread starter's different types of support/resistance lines?
Attached Image (click to enlarge)
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  • #25
  • Edited 5:57am Aug 19, 2009 3:48am | Edited 5:57am
Suffice it to say "HA", that this is precisely my point too.

I will edit this post later with a chart to illustrate levels generated by the world's most influential traders like Fibonacci and W.D. Gann to name but two, gentlemen who did not mind sharing their "discovery" with the world and its brothers, in a manner befitting trader's decorum and etiquette.

Let us stop waisting time here and move on. There are other people on this Forum and elsewhere, that are prepared to share their experience without any childish tantrums or selfcentredness.
======================================================

I post here the EUR/USD H1 chart with just Gann and Fibonacci (2 of the trading world's greatest contributors) diagrams (for lack of a better description) on it and I wish to draw your attention to the following:

Top left #1. to #2 further to the right is the ACTIVE NEGATIVE-line and anything below this line needs to be treated as SHORT (retraces will continue to go short until this line is broken, when the TREND has changed. (This subject is adequately covered elsewhere on this Forum by a very well qualified trader and I thank him for helping me exploiting such Gann riches. Thank you Haiderfsd)

Bottom "(a)" to "(b)" is the ACTIVE POSITIVE-line which needs to be broken before the TREND continue further down.

Note where the price "stalled" this morning! So what is so difficult about understanding that this stalling point just obeyed the Law of Gann.

And this is where I took issue if you wish, with the originator of this Thread, that he could not come up with something as profound as this and if he does possess this, why not share it with the community at large? It will make him a better person for sharing and being less selfish.

Also note to the left of this morning's "stall" a Blue triangle pointing to an ellipse on top of a Fibonacci level (look to the extreme right to see which one it is), where the price "stalled" and retraced back up to the "stalling level" which I drew in Aqua across yesterday's entire width.

Now, let us examine this "stalling level" (his words) carefully:

The 04h00 candle touched the Gann line and retraced, before attempting it again 5 candles later @ 09h00 when it retraced again and "wallah" you have your "stalling level".

The next candle retraced before the announcement and low and behold he suggested that the "SS was triggered" ..happy pippen" only to have the announcement taking you all the way up to 1.4151 at "(b)" marked in Blue triangle. (it could have been worse - nobody knew whether the price was not going to go UP - it all depends on knowledge of data which we did not have.

So for the last time from me at least, this Thread is not worth continuing unless the said gentleman has something concrete to share in which case I will be the first to acknowledge his expertise.

Until then, we will continue to study Forex in a constructive manner.

Sincerely,
Attached Image (click to enlarge)
Click to Enlarge Name: wednesday 19 aug 09 (euro h1).gif Size: 82 KB
Hercs
  • #26
  • Aug 19, 2009 7:46am Aug 19, 2009 7:46am
Honors to your thorough study. A glance at the 1H TF and its proportions around the light-blue line shows how the line can be so named, and a study such as yours shows why and what's next.
  • #27
  • Aug 19, 2009 7:51am Aug 19, 2009 7:51am
Quoting ha-pattern
Honors to your thorough study. A glance at the 1H TF and its proportions around the light-blue line shows how the line can be so named, and a study such as yours shows why and what's next.

Thanks, HA. Much appreciated.
Hercs
  • #28
  • Aug 19, 2009 2:26pm Aug 19, 2009 2:26pm
Hercs,

I couldn't have said it better myself.

The truly great traders are the ones that teach what they learn.

I have been trading for over 11 years now and this is the most arrogant post I have ever read.

Jane
  • #29
  • Aug 19, 2009 8:06pm Aug 19, 2009 8:06pm
Wow, I really did not expect my trading discussion post to degenerate into this stage and mired with so much emotive issues.

That I am being judged as childish,self centred, selfish, arrogant, egoistic etc rightly or wrongly are all emotive issues which is intrinsically inherent in most speculative trades/businesses. I can actually foresee this form of issues when I first started this thread and have actually taken steps/measures and other prerogative features permissible and afforded to me by this forum admininistrator to preempt them and yet it happened. On this, I have to admit that I have failed and failed miserably. I have correctly read the ground but flopped im my execution.

I am first and foremost a trader and I can understand and empathise with most of the the emotive/psychological aspects of trading both in the actual trading and learning phase. I use to "moronise" all the trading gurus/gooroos/authors/economic analysts and what have you becos no matter how much they have offered and how much I have received, my TRADING did not improve. That was when I stop looking/searching for all EXTERNAL avenues and instead search and rectify all my INTERNAL weaknesses/flaws/faults and the result is not only good but too good to a fault that borders on all the negative issues which I am facing right now. I have slogged and sweated and paid a very high price to earn my keep AND who are anyone to tell me anything otherwise.

I have requested Twee to remove this post.

GL, get a live and cheers..........
  • #30
  • Aug 20, 2009 8:34am Aug 20, 2009 8:34am
You know 99vt66 you may be a great trader and no one is disputing that fact. The issue I have is now you present your thoughts. We may all benefit from this discussion but, I for one, was not able to get past your presentation and that my friend is extremely important.

If you truly want to help others and not just present yourself as the best of the best then you need to redo your presentation, redo your words, rethink how to "talk" to us. In other words, talk to us not down to us because that was exactly what you did.

When I read your first post all I could think of was Seinfeld's soup Nazi
  • #31
  • Aug 20, 2009 12:26pm Aug 20, 2009 12:26pm
I don't really post much or read about what where people are placing their orders, because I don't want it to influence my decisions, but I came across your thread and just have to say something.

Have you read your post after you wrote it ? if you didn't take another and look at your tone, to me it doesn't seem like someone that wants to help.

Quoting 99vt66
I am starting this thread to give a heads up everytime I spot a Intraday Stalling sign/signal. I will not reveal how this is all being done nor post any charts becos I want you to build your own trading method/system perceptible to your ownselves around those signals which I have posted.
If your intention is to actually help others instead of trying to make yourself seem like genius that wants to keep everything to himself then you would at least point us in the right direction of what you are talking about, instead of posting price levels.

Quoting 99vt66
No posting/pm will be merited or answered unless I consider them to be worthy of any response on my part. I will not hesitate to use my "Ïgnore" prerogative whom I consider rude, dishonest or act in a ungentlemanly manner devoid of proper traders decorum/etiquette and House rules.


Quoting 99vt66

Quoting moneydude
posting a annotated chart to show us what you looking at instead of calling out levels?
Sorry, I have put him on 'Ignore' becos I feel he is not the deservedly one and that he clearly lacks the self confidence a good trader needs. No offense intended.

Cheers.......
was that necessary ?


Quoting 99vt66
However, I am not quite sure if the starting of this thread will really benefit those deservedly traders out there. I will gauge its usefulness/benefit and if its deemed not to be so, then I will stop.
you got that right
It's NOT GAMBLING when the odds are in your favor
  • #32
  • Aug 21, 2009 8:01am Aug 21, 2009 8:01am
Quoting User Name
I don't really post much or read about what where people are placing their orders, because I don't want it to influence my decisions, but I came across your thread and just have to say something.

Have you read your post after you wrote it ? if you didn't take another and look at your tone, to me it doesn't seem like someone that wants to help.


If your intention is to actually help others instead of trying to make yourself seem like genius that wants to keep everything to himself then you would at least point us in the right direction of...
User Name,

In case you hadn't already realised, the thread starter has already abandoned this thread. Your comments probably won't even be read by him but now that you have that off your chest, perhaps you feel better?

Guys, not everyone in life is as diplomatic as one might possibly want. Why should they be? Its entirely up to you whether or not you choose to participate in a particular thread and another choice if you decide to take offence at what the thread starter writes. But as far as lecturing people on etiquette, one could take the position that silence speaks far more volume.
  • #33
  • Aug 22, 2009 7:43am Aug 22, 2009 7:43am
lol we know how to have a laugh round here don't we

lighten up everyone, take a chill pill.

The first post is very defensive and negative and can be seen as condescending so that's where it all went wrong. There is still plenty to learn here but not neccessarily about forex
  • #34
  • Aug 22, 2009 12:08pm Aug 22, 2009 12:08pm
Quoting 99vt66
In all my years of trading, I have came to identify that the biggest Achilles Heel of most active traders (both new and seasoned) is the failure/inability to read into when the price stall (both topping and basing). The natural course/process of any price action is rally/decline, stall, consolidate and reverse. This very key/pivotal link to the whole process of PA dynamics/course is often the most understated, misunderstood and overlooked aspect of forex trading i.e. price STALLING.

You can have the best trading strategy/method, proper money management...
Don't know if I agree with you all the way, Mate, but I do understand what you are saying about stalling. Would be nice if you would elaborate a tad on how you identify price is stalling.
  • #35
  • Aug 22, 2009 12:09pm Aug 22, 2009 12:09pm
Quoting Limstylz
Guys, not everyone in life is as diplomatic as one might possibly want. Why should they be? Its entirely up to you whether or not you choose to participate in a particular thread and another choice if you decide to take offence at what the thread starter writes. But as far as lecturing people on etiquette, one could take the position that silence speaks far more volume.
Everyone has their limits, Mate. Some are a bit sensitive, I'll give you that one.
  • #36
  • Aug 22, 2009 12:10pm Aug 22, 2009 12:10pm
Quoting stevexyg
The first post is very defensive and negative and can be seen as condescending so that's where it all went wrong. There is still plenty to learn here but not neccessarily about forex
Can't agree with that one, Mate. The first post cause me to "stall" and ponder my chart.
  • #37
  • Aug 22, 2009 12:12pm Aug 22, 2009 12:12pm
Quoting Hercs
Limstylz,

I did not judge! It is the man himself who openend this Thread who reserved himself the right to judge!

I was also interested to hear what he has to say, but he says nothing and makes unsubstantiated calls.

What are you personally hoping to get out of him?

Sincerely?
Nice avatar, Mate.
  • #38
  • Aug 22, 2009 12:14pm Aug 22, 2009 12:14pm
Quoting jbfox

When I read your first post all I could think of was Seinfeld's soup Nazi
No pips for you!
  • #39
  • Last Post: Aug 23, 2009 4:39am Aug 23, 2009 4:39am
Quoting gbppip
Can't agree with that one, Mate. The first post cause me to "stall" and ponder my chart.
You can see I didn't say the post was of no substance. Quite the opposite is clearly true which explains all the interest.

However if you can't see that the post is defensive, negative and condescending then might I suggest you generally examine things more closely? A good deal of others appear to take the same view.

PS I'm not your mate as we have never met!
Cheers.
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